SBT.VN
Hot AirThanh Thanh Cong - Bien Hoa Joint Stock Company · Consumer Defensive · Vietnam · $745M cap · $986K/day traded
VND 21,100 +0.0% · close 6 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT.VN) is 34/100, ranked against 25,000+ stocks in 38 markets (Quality 28, Value 31, Momentum 66, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT THANH THANH CONG - BIEN HOA JOINT STOCK COMPANY
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Thanh Thanh Cong - Bien Hoa Joint Stock Company, together with its subsidiaries, engages in the production and sale of sugar and its by-products in Vietnam and internationally.
FINANCIAL SUMMARY (VND)
| Year | 2023 | 2024 | 2025 | 2026 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.7T | 29.0T | 28.5T | 26.7T | 2.6% | 28.9T | 28.4T | 33.3T | 11.6% |
| EPS (VND) | 488.52 | 627.97 | 832.15 | 795.16 | 17.6% | 806.18 | 1,378 | — | 73.3% |
| Shares | 863.4M | 863.4M | 863.4M | 906.4M | +5.0% | 906.4M | — | — | — |
| Debt | 11.7T | 16.0T | 16.9T | 17.9T | 15.2% | 19.5T | — | — | — |
| Equity | 9.4T | 10.2T | 10.7T | 11.8T | 7.8% | — | — | — | — |
| Op CF | 687.3B | 62.9B | -605.9B | -134.5B | -90.8% | -40.0B | — | — | — |
| Inv CF | -644.9B | -3.0T | -1.4T | -3.2T | — | — | — | — | — |
| Fin CF | 538.7B | 4.4T | 1.0T | 1.9T | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 93% of stocks we rank over the past year (volatility 19% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of SBT.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| SBT.VN | Thanh Thanh Cong - Bien Hoa Joint Stock Company(you) | $745M | 34 |
| KDC.VN | KIDO Group Corporation | $541M | 47 |
| BAF.VN | BAF Vietnam Agriculture Joint Stock Company | $460M | 20 |
| DBC.VN | Dabaco Group Joint Stock Company | $262M | 40 |
| VHC.VN | Vinh Hoan Corporation | $403M | 62 |
| HPA.VN | Hoa Phat Agriculture Development Joint Stock Company | $306M | 57 |
| NAF.VN | Nafoods Group Joint Stock Company | $115M | 38 |
| IDI.VN | I.D.I International Development and Investment Corporation | $53M | 25 |
| PHR.VN | Phuoc Hoa Rubber Joint Stock Company | $287M | 77 |
| MCH.VN | Masan Consumer Corporation | $6.8B | 54 |
Peer medians: ROE 20.7% · P/E 9.2x · Gross margin 20.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.